P.C.A. files for Chapter 7 bankruptcy protection

February 13, 2009
-
by Keith Nunes

Share This:

LYNCHBURG, VA. — The Peanut Corporation of America filed for Chapter 7 bankruptcy protection in the U.S. Bankruptcy Court in the Western District of Virginia on Feb. 12. The filing comes less than a month after products manufactured at the company’s Blakely, Ga., facility were linked to a food-borne illness outbreak that has led to the largest food recall in U.S. history.

In the filing the company estimated the value of its assets to be between $1 million and $10 million and its estimated liabilities to be in the same range.

Comment on this Article

The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.
Enter code as it is shown (required):